Practicenet News

It will mirror a new structure pioneered by Germany where mid size companies are now able to bypass banks to borrow through the capital market. “We are working with the Department of Enterprise, Enterprise Ireland and the Department of Finance to see is there a credible – or on what basis could we have –

GERMANY has approved draft laws including a plan that could give Ireland’s bid for a debt deal a shot in the arm. The laws ensure that biggest European economy is in line with rules that allow the European Stability Mechanism (ESM) to recapitalise banks directly under strict circumstances. The move is a positive sign for

JUST one in five homeowners who are in arrears has been offered a permanent deal to lower their payments by their bank. New figures out this afternoon show that close to 15,000 of the almost 74,000 residential mortgage accounts that are arrears for three months or more have had a permanent restructure put in place.

THE mass sell-off of loans books by Irish lenders could be used by a US private equity house to create the kernel 
of a third baning force, 
according to one of the country’s leading corporate finance executives.   So far this year €27bn of Irish business loans, property loans and residential mortgages have been sold

IRELAND should be given greater flexibility from the European Commission in setting the Budget, Michael Noonan has signalled. SHARE Brussels doesn’t need to pour over every detail of our tax and spending plans, the finance minister said ahead of a meeting of euro zone finance ministers in Brussels yesterday. His comments come as Italy, which

SHORT-term business loans for small firms in Ireland plummeted 77pc between 2007 and 2011, a new report from the Organisation for Economic Cooperation and Development (OECD) has claimed. The OECD’s financing small business report said business loans in Ireland fell from €56bn in 2007 to €38bn in 2012. Short-term loans made up about 90pc of

More than 100 companies promising 8,000 jobs told the IDA during the last six months that they will set up shop or expand here. That’s about a thousand jobs more than the same period last year and follows a robust period for the agency which has seen major job announcements Deutsche Bank, Symantec and eBay.

IBEC, the employer’s lobby group, will urge Michael Noonan to cut income tax and VAT in October’s Budget. In its traditional pre-Budget submission published today, Ibec says Mr Noonan should take just €200m out of the economy in the Budget or a tenth of the sum promised by the Government to overseas creditors. “Now is

More than four out of five Irish investors say they are confident about their own financial situation and the outlook for the Irish economy, according to a survey. The survey of Rabobank customers finds economic sentiment among Irish investors has reached a four-year high. advertisement The survey asks respondents about their forecasts for the next

THE UK is aiming to push more of its exports this way, while attempting to get Irish investors to set up shop over there. The British Embassy in Dublin is currently advertising for a trade and investment adviser whose job will be focused on getting firms to expand in to Britain, while trying to win